Obama campaign rallies supporters around being outraised

President Obama's reelection campaign is trying to turn yesterday's news about being outraised by Mitt Romney into a rallying cry for supporters.

"It's the first time that the Obama organization has been outraised by an opponent since 2007," Ann Marie Habershaw, the campaign's chief operating officer, wrote in an email to supporters.

Thursday, the Romney campaign announced that they had outraised the Obama campaign by $16.8 million in May — a surprising development, given that Obama entered the election with the expectation of raising a billion dollars and shattering previous fundraising records.

"We are not guaranteed to win this election. If there's anyone still out there acting like we have this thing in the bag, do me a favor and tell them they're dead wrong," Habershaw wrote.

"Now that Mitt Romney has locked up his party's nomination, yesterday's numbers are only the beginning. The Republican big-dollar donors and special-interest cash will only keep coming out of the woodwork, lining up to support him," Habershaw said.

"The $76 million the Romney campaign and Republican Party raised in May doesn't even take into consideration the additional $75+ million that right-wing ideologues and corporate interests have already spent on ads attacking Obama. (Those groups plan to spend $1 billion when it's all said and done.)" she wrote, referring to a POLITICO report about outside groups planning a billion dollar campaign against Obama.